How much of the refund, if any, must kelsi include, Accounting Basics

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How much of the refund, if any, must kelsi include

This year Kelsi received a $1,900 refund of state income taxes that she paid last year. Last year Kelsi claimed itemized deductions of $6,900 and this total included $2,800 of state income taxes. How much of the refund, if any, must Kelsi include in gross income if the standard deduction last year was $5,800?

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Accounting Basics: How much of the refund, if any, must kelsi include

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Accounting Basics: How much of the refund, if any, must kelsi include

Reference No:- TGS048029

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Prepare a comparative balance sheet

Q : How many hours of labor should hire to maximize profits

Q : Annual cash inflow from the business

Q : Develop a regression equation using the data

Q : How much of the refund, if any, must kelsi include

Q : Potential litigation-liability for public accounting firms

Q : Budget cutting policy helpful to curb growing budget deficit

Q : Problem regarding the organization annual report

Q : What is the book value at the end of third year

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much of the refund, if any, must kelsi include

Reference No:- TGS048029

Recent Questions Asked Accounting Basics

Q : Prepare a comparative balance sheet

Q : How many hours of labor should hire to maximize profits

Q : Annual cash inflow from the business

Q : Develop a regression equation using the data

Q : How much of the refund, if any, must kelsi include

Q : Potential litigation-liability for public accounting firms

Q : Budget cutting policy helpful to curb growing budget deficit

Q : Problem regarding the organization annual report

Q : What is the book value at the end of third year

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